Builders FirstSource, Inc. (NYSE:BLDR) Given Average Recommendation of “Moderate Buy” by Brokerages

Builders FirstSource, Inc. (NYSE:BLDR) has been assigned an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $190.00.

BLDR has been the topic of a number of recent research reports. Zelman & Associates reaffirmed a “hold” rating on shares of Builders FirstSource in a research report on Monday, June 17th. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a report on Monday, September 23rd. Stifel Nicolaus cut their price target on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Truist Financial upgraded Builders FirstSource from a “hold” rating to a “buy” rating and raised their price objective for the stock from $165.00 to $220.00 in a research note on Monday, September 16th. Finally, Oppenheimer lifted their price objective on Builders FirstSource from $205.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th.

Insider Activity

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $153.68, for a total value of $4,610,400.00. Following the sale, the director now owns 95,333 shares in the company, valued at approximately $14,650,775.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Builders FirstSource

A number of institutional investors have recently modified their holdings of BLDR. Park Avenue Securities LLC grew its stake in Builders FirstSource by 9.1% during the third quarter. Park Avenue Securities LLC now owns 4,156 shares of the company’s stock worth $806,000 after purchasing an additional 347 shares during the period. Czech National Bank boosted its holdings in shares of Builders FirstSource by 2.0% during the 3rd quarter. Czech National Bank now owns 23,722 shares of the company’s stock worth $4,599,000 after buying an additional 462 shares in the last quarter. AMF Tjanstepension AB bought a new position in shares of Builders FirstSource during the 3rd quarter worth approximately $1,471,000. Massmutual Trust Co. FSB ADV increased its stake in shares of Builders FirstSource by 24.3% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 501 shares of the company’s stock valued at $97,000 after acquiring an additional 98 shares in the last quarter. Finally, Waller Financial Planning Group Inc. bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at $237,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Trading Down 1.9 %

Shares of NYSE:BLDR opened at $192.19 on Friday. Builders FirstSource has a 12-month low of $105.24 and a 12-month high of $214.70. The business has a 50 day moving average of $174.51 and a 200-day moving average of $170.74. The company has a quick ratio of 1.14, a current ratio of 1.83 and a debt-to-equity ratio of 0.88. The stock has a market cap of $23.46 billion, a PE ratio of 16.45, a P/E/G ratio of 11.56 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.48. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.48 billion. During the same period in the previous year, the company posted $3.89 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts forecast that Builders FirstSource will post 11.68 earnings per share for the current year.

Builders FirstSource declared that its board has approved a stock repurchase plan on Tuesday, August 6th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Builders FirstSource Company Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.